Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Croatian petrol company INA announced the transformation of the refinery business in the city of Sisak and will cut around 90 jobs. The production has been stopped for a year and a half and now the refinery is with a surplus of workers. Currently, the company employs around 380 workers and with the new wave of layoffs, there will be only about 200 left. The changes have covered about 180 jobs in such a way that a certain number of workers will be offered placement in other available business activities or new jobs, and only 90 jobs will cease.
The trade union representative expressed their concerns for many 50-year-old workers for which it will be impossible to find new jobs. The people of Sisak are also indignant with the dismissals and shutdown of the refinery and are very scared for their future due to the limited local employment possibilities. The Sisak refinery used to be a symbol of the local industry and at the beginning of 1990s, the refinery employed 3,000 people.
Eurofound (2022), INA, Internal restructuring in Croatia, factsheet number 106446, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106446.